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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Z Analyzer who wrote (5370)	1/29/1999 4:21:00 PM
From: Yogi - Paul	Respond to of 9256

Z, Nice. I joined you at $43.+ on Wednesday. I admit I'm not looking to hold for long. Thanks for all your work and commentary on Hutchinson. Most valuable. Yogi

To: Z Analyzer who wrote (5370)	1/29/1999 5:21:00 PM
From: Mark Oliver	Read Replies (1) \| Respond to of 9256

Z, thanks for the great post. I started reading this thinking it was a press release or something, but in the end I feel most all of this is built on your opinion from very closely following Hutchinson. Nothing wrong with that as that's what this thread is all about, and one could easily argue that you know more about Hutch than any Wall Street analyst, but I find some of your statements very enthusiastic. I would feel better if you could also give us opinions on none US companies and what they are doing. I think the issues raised by Stitch regarding the work of Fujitsu and their CAPS technology is a very viable competitor and yet you continuously ignore them. Simply saying if Hutchinson beats Innovex, they will win position in all drive programs seems like saying if Read Rite beats Applied Magnetics they will win when in fact we know that's just not the case. To continue to ignore these competitors seems unwise. Rightly so, you can claim that it's nearly impossible to get good information on their costs, program qualifications and other structures. But, this argument would have seen your investment in Read Rite fall from mid 20's or 30's or 40's depending on when you started to a low under $5. If Hutchinson could succeed in being the sole supplier to HDD's, this would be an enviable position. As I've pointed out before, there are many companies who are trying to contest this position, not just Innovex. Others such as Fujitsu, 3M, Read Rite and Nitto Denko plus whatever in-house solutions that might come. IBM is a co-developer of TSA and may have continued to work on developments. By the way, are there any continuing payments that Hutch must make to IBM for their patent rights? I think I can agree with much of what you've said, but I find it hard to believe that the market will agree. It's a big leap to suggest that they will trust any HDD company to be stable and therefore give them the multiple you like. But, what do I know as I sold at 21 thinking it was getting fairly valued then. Regards, Mark